Stylib, a London, UK-based AI-powered product discovery platform for architects, secured £1.5 million in pre-seed funding.
The round was led by Foundamental, with participation from Nemetschek Group and Redstone Built World Strategy.
With the funding, the company plans to expedite its product development and bolster its operations in the UK.
Stylib provides architects and design professionals with a comprehensive platform to search, review, and specify architectural materials. By collaborating with both product suppliers and designers, the startup focuses on developing innovative tools and technologies that leverage AI and architectural domain knowledge to streamline the specification process.
One of the company's unique offerings is its machine vision tools that allow designers to use their inspiration images when searching for relevant products from trade suppliers.
Stylib also offers integration solutions for its customers, including the ability to incorporate the platform's product discovery technology into their websites using APIs and widgets. For suppliers, the platform provides a vertical Product Information System (PIM) that utilizes machine learning to enhance their data management.
Company: Stylib, Ltd.
Raised: £1.5M
Round: Pre-Seed Round
Funding Month: July 2023
Lead Investors: Foundamental
Additional Investors: Nemetschek Group and Redstone Built World Strategy
Company Website: https://stylib.com/
Software Category: AI-powered Product Discovery Platform
About the Company: Founded by Noam Naveh and Fabio Galicia, Stylib develops tools and technologies that speed up and simplify the discovery and curation of architectural products by providing its users with an unbiased visual and textual search engine. Stylib allows designers to instantly match any image to reputable suppliers' products. Stylib works with the market’s leading suppliers and manufacturers to streamline designers’ specification-driven processes, from cutting-edge visual search to sharable digital mood boards and personalized materials libraries.
Source: https://www.startupmag.co.uk/funding/stylib-raised-1500000/